Huge Self-Employment Surge

The number of people opting to work for themselves increased by almost a quarter across the past decade.

Does increased self-employment match unemployment rates?

According to data analysis released today by business insurance provider Direct Line for Business, Britain saw a 23 per cent increase in self-employment from just before the start of the credit crunch until now. Figures rose from 3.8 million to nearly 4.7 million.

One in seven UK employees (15 per cent) are currently self-employed consultants or other forms of contractor. According to the research, 91 per cent of UK businesses hire outside help.

Disability benefits aside, is it not better to encourage people into self-employment rather than squander their potential, and probably that of their offspring, on state handouts?

Small businesses still form the backbone of the UK’s economy. Many grow to employ others.